USA to become the World's largest oil producer by 2020... Uh oh... apple cart just fell over!

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US to become world’s biggest oil producer by 2020 - IEAThe US is projected to become the largest global producer of oil before 2020, exceeding Saudi Arabia, according to the new World Energy Outlook, a report by the International Energy Agency (IEA). The country currently imports around 20 percent of its total energy needs, but thanks to rising production of oil, shale gas and bioenergy, North America may become a net oil exporter by around 2030, the report said.